Why is Swastika Investm falling/rising?
As of 24-Jun, Swastika Investmart Ltd's stock price is Rs 115.00, up 1.77% today after six days of decline, but it has underperformed recently with a 1-week drop of 6.05% and a 1-month drop of 13.53%. The stock is trading below all major moving averages, indicating a bearish trend, and has significantly lagged behind the benchmark Sensex, which has gained 0.58% over the past week.
As of 24-Jun, Swastika Investmart Ltd's stock price is currently at Rs 115.00, reflecting an increase of Rs 2.0 or 1.77%. The stock has shown a trend reversal today, gaining after six consecutive days of decline. It reached an intraday high of Rs 118.5, marking a 4.87% increase. However, despite today's positive movement, the stock has underperformed in the short term, with a 1-week decline of 6.05% and a 1-month decline of 13.53%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a significant drop in investor participation, with delivery volume falling by 40.68% compared to the 5-day average.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.58% over the past week, Swastika Investmart's short-term performance has lagged significantly. The Sensex has also shown a slight positive return of 0.41% over the past month, while Swastika's returns have been negative. This divergence suggests that while the stock is experiencing a brief uptick today, it remains under pressure in the broader market context, as evidenced by its substantial year-to-date decline of 36.08% compared to the Sensex's gain of 5.01%.
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